-
Is 2021 the end of LIBOR? Spoiler – it’s not
December 2021 has been etched into our minds for the last 3 years as the end date for LIBOR. Ever since Andrew Bailey's announcement in July 2017 that panel banks will no longer be compelled to submit to LIBOR after this date, the industry began planning for a world without LIBOR from January 2022 onwards. With LIBOR hardwired into trillions of dollars' worth of financial contracts ranging from derivatives to student loans, this transition represents one of the biggest challenges to the financial system and its participants. However, some recent announcements from the ICE Benchmark Administration (IBA) now means ... (full story)